ThyssenKrupp to strengthen electrolysis business through planned JV

By Gerald Ondrey | November 6, 2013

ThyssenKrupp Industrial Solutions AG (Hamburgh, Germany; www.thyssenkrupp.com) has reached an agreement with De Nora (Milan, Italy) to establish a joint venture (JV). The companies intend to combine their engineering, procurement and construction activities for electrolysis plants under the name ThyssenKrupp Uhde Chlorine Engineers. This will enable both partners to expand their technological platforms and move closer to customers through an increased global presence. The planned joint venture will achieve annual sales in the mid three-digit million euro range. The agreement is subject to approval by the supervisory bodies and the relevant antitrust authorities.
Joachim F. Panek, CEO of ThyssenKrupp Uhde GmbH (Dortmund, Germany) and member of the Executive Board of ThyssenKrupp Industrial Solutions AG: “In joining forces we are broadening our technological development capabilities, strengthening our service business and increasing our geographical presence. We also intend to intensify our joint research into solutions for the future, such as electrolysis processes for the production of hydrogen, which can open up improved opportunities for energy storage.”
Paolo Dellachà, CEO of De Nora: “This planned step…